Total monthly cost of ownership
Cost to Own a Home in Richland, Georgia
A $58,000 home here costs
$690per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $29,500 a year.
A standard mortgage calculator would have told you $316. The real number is $374 higher every month, 118% more than the payment most buyers budget for.
Compare Stewart County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Richland from a five-year rolling sample, and with about 1,218 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Stewart County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Richland against Stewart County and Georgia
| Measure | Richland | Stewart County |
|---|---|---|
| Median home value | $58,000 | $53,000 |
| Median property tax | $743 | $907 |
| Effective tax rate | 1.281% | 1.711% |
| Median gross rent | $801 | $588 |
| Population | 1,218 | 4,978 |
The weather behind that power bill
Richland sits in Stewart County, which averages a high of 92.0°F in its hottest month and a low of 33.8°F in its coldest, with 52.78" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,038 cooling and 2,289 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Stewart County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stewart County
No other places of this size are published in Stewart County.
Full Stewart County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Richland averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Richland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Richland I already own here and may sell
Common questions
How much does it cost to own a home in Richland?
A $58,000 home in Richland, Georgia costs approximately $690 per month with 20% down at 7.24%. That is $316 principal and interest, $62 property tax, $25 homeowners insurance, $239 utilities and $48 set aside for maintenance.
What is the property tax rate in Richland?
Richland has an effective property tax rate of 1.281%, based on a median home value of $58,000 and median real estate taxes of $743. That is lower than the Stewart County average of 1.711%.
What is the average home price in Richland?
The median owner-occupied home value in Richland, Georgia is $58,000, against $53,000 across Stewart County.
Is it cheaper to rent or buy in Richland?
Median gross rent in Richland is $801 a month, against $690 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Richland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Richland, Georgia at today's rate takes a household income of roughly $29,500 a year. That covers the full $690 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Richland, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Georgia.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.